- Central Life Assurance Co. plans to close its office in...

January 18, 1989

- Central Life Assurance Co. plans to close its office in north suburban Vernon Hills in April. The insurer will move the group-health operation, which it bought from Kemper Co. in 1987, to Madison, Wis., and offer transfers to 45 Vernon Hills employees. Des Moines-based Central Life said moving the business to Madison, where its group life and health activities are headquartered, will cut costs by $2.5 million this year.